Saks Inc.’s top executives saw their compensation decline last year as a result of the tough economy.
Stephen I. Sadove’s compensation as chief executive officer fell 46.8 percent after his incentive pay was cut by nearly $2 million. His total pay dropped to $3.1 million, according to the definitive proxy filed Friday with the Securities and Exchange Commission, and his incentive pay fell to $298,125, from $2.3 million in 2007.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)